China Engineering Plastics Market Size

The China Engineering Plastics Market is projected to experience significant growth over the forecast period, driven by its extensive applications across various industries, including packaging, electrical and electronics, and automotive. The packaging sector, in particular, dominates the market due to the high demand for plastic products in e-commerce and consumer goods. Despite a temporary decline in 2020 due to global supply chain disruptions, the market has shown a robust recovery and steady growth. The automotive industry is anticipated to be the fastest-growing segment, reflecting the increasing need for lightweight and high-performance materials in vehicle manufacturing.

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Market Size of china engineering plastics Industry

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China Engineering Plastics Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 43.17 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 61.78 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Electrical and Electronics
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 7.43 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry Automotive

Major Players

China Engineering Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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China Engineering Plastics Market Analysis

The China Engineering Plastics Market size is estimated at 43.17 billion USD in 2024, and is expected to reach 61.78 billion USD by 2029, growing at a CAGR of 7.43% during the forecast period (2024-2029).

43.17 Billion

Market Size in 2024 (USD)

61.78 Billion

Market Size in 2029 (USD)

4.79 %

CAGR (2017-2023)

7.43 %

CAGR (2024-2029)

Largest Market by End-user Industry

46.61 %

value share, Electrical and Electronics, 2023

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The electronics segment occupied the highest market share due to the widespread applications of engineering plastics like ABS/SAN, PC, and PA in advanced and smart electrical devices.

Fastest Growing Market by End-user Industry

9.14 %

Projected CAGR, Automotive, 2024-2029

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The automotive industry is expected to witness the fastest growth due to the rapid adoption of lightweight and high-impact resistant engineering plastics to replace traditional metal parts.

Largest Market by Resin Type

33.42 %

value share, Styrene Copolymers (ABS and SAN), 2023

Styrene copolymers have wide applications in the automotive, aerospace, and electronics industries, and they accounted for the largest share in 2022.

Fastest Growing Market by Resin Type

9.31 %

Projected CAGR, Fluoropolymer, 2024-2029

Due to the increasing applications in lithium-ion batteries and architectural coatings, fluoropolymers are expected to witness the fastest growth.

Leading Market Player

9.69 %

market share, CHIMEI, 2022

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In 2022, with the largest production capacity of around 2.9 million tons per year of polymers, such as styrene copolymers, PMMA, and polycarbonate, in China, the company held the largest market share.

Packaging to lose its market share by volume to the electrical and electronics industry

  • Engineering plastics have applications ranging from interior wall panels and doors in the aerospace industry to rigid and flexible packaging. The Asia-Pacific engineering plastics market is led by the packaging, electrical and electronics, and automotive industries. The packaging electrical and electronics industries accounted for around 39.65% and 35.86%, respectively, of the engineering plastics market by volume in 2022.
  • In 2020, China's engineering plastics consumption fell by 2.88% by volume over the previous year due to disruptions in the global supply chain. However, consumption recovered in 2021 and continued to grow steadily, increasing by 2.35% in volume in 2022.
  • The packaging industry consumes the highest amounts of engineering plastics in the country due to the large-scale production of plastic bottles used in the packaging of beverages, drinking water, personal care, and household care products, among others. China is the largest e-commerce market globally, with its share amounting to almost 50%. The country's e-commerce market is projected to reach a revenue of around USD 2.3 trillion in 2027 from USD 1.4 trillion in 2023. In 2022, the industry consumed 7.09 million tons of resin, which is expected to reach 9.6 million tons by 2029. All these factors boost the industry's consumption, which is expected to record a CAGR of 6.47%, by value, during the forecast period.
  • Automotive is the fastest-growing end-user industry of the Chinese engineering plastics market, expected to record a CAGR of 9.40% by revenue during the forecast period. This is in line with the industry's increasing demand for lightweight engineering plastic composites, such as polycarbonate, polyamide, and fluoropolymer, for use in vehicle components due to their benefits such as high-temperature use, chemical inertness, resistance to abrasion, and non-leaching capabilities that ensure consistent performance.
China Engineering Plastics Market

China Engineering Plastics Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type.

  • Engineering plastics have applications ranging from interior wall panels and doors in the aerospace industry to rigid and flexible packaging. The Asia-Pacific engineering plastics market is led by the packaging, electrical and electronics, and automotive industries. The packaging electrical and electronics industries accounted for around 39.65% and 35.86%, respectively, of the engineering plastics market by volume in 2022.
  • In 2020, China's engineering plastics consumption fell by 2.88% by volume over the previous year due to disruptions in the global supply chain. However, consumption recovered in 2021 and continued to grow steadily, increasing by 2.35% in volume in 2022.
  • The packaging industry consumes the highest amounts of engineering plastics in the country due to the large-scale production of plastic bottles used in the packaging of beverages, drinking water, personal care, and household care products, among others. China is the largest e-commerce market globally, with its share amounting to almost 50%. The country's e-commerce market is projected to reach a revenue of around USD 2.3 trillion in 2027 from USD 1.4 trillion in 2023. In 2022, the industry consumed 7.09 million tons of resin, which is expected to reach 9.6 million tons by 2029. All these factors boost the industry's consumption, which is expected to record a CAGR of 6.47%, by value, during the forecast period.
  • Automotive is the fastest-growing end-user industry of the Chinese engineering plastics market, expected to record a CAGR of 9.40% by revenue during the forecast period. This is in line with the industry's increasing demand for lightweight engineering plastic composites, such as polycarbonate, polyamide, and fluoropolymer, for use in vehicle components due to their benefits such as high-temperature use, chemical inertness, resistance to abrasion, and non-leaching capabilities that ensure consistent performance.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Resin Type
Fluoropolymer
By Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Liquid Crystal Polymer (LCP)
Polyamide (PA)
By Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Polybutylene Terephthalate (PBT)
Polycarbonate (PC)
Polyether Ether Ketone (PEEK)
Polyethylene Terephthalate (PET)
Polyimide (PI)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Styrene Copolymers (ABS and SAN)
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China Engineering Plastics Market Size Summary

The China engineering plastics market is poised for significant growth, driven by its diverse applications across various industries such as packaging, electrical and electronics, and automotive. These materials are increasingly utilized in sectors ranging from aerospace to consumer goods, with the packaging industry being the largest consumer due to the high demand for plastic bottles and containers. The market's expansion is further supported by China's status as the largest e-commerce market globally, which fuels the demand for packaging solutions. Despite initial setbacks in 2020 due to global supply chain disruptions, the market has shown resilience and is expected to continue its upward trajectory, supported by the growing need for lightweight and durable materials in automotive and electronics applications.

The automotive sector, in particular, is emerging as the fastest-growing end-user industry for engineering plastics in China, driven by the demand for advanced materials that offer benefits such as high-temperature resistance and chemical inertness. The electrical and electronics industry also plays a crucial role, with China maintaining its position as a leading global manufacturing hub, attracting major international producers. The market is characterized by fragmentation, with key players like CHIMEI and China Resources (Holdings) Co., Ltd. holding significant shares. Recent developments, such as Covestro AG's initiatives in sustainable solutions and Dongyue Group's expansion of PVDF production, highlight the ongoing innovation and investment in the sector, ensuring robust growth prospects through the forecast period.

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China Engineering Plastics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Resin Type

      1. 1.2.1 Fluoropolymer

        1. 1.2.1.1 By Sub Resin Type

          1. 1.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)

          2. 1.2.1.1.2 Fluorinated Ethylene-propylene (FEP)

          3. 1.2.1.1.3 Polytetrafluoroethylene (PTFE)

          4. 1.2.1.1.4 Polyvinylfluoride (PVF)

          5. 1.2.1.1.5 Polyvinylidene Fluoride (PVDF)

          6. 1.2.1.1.6 Other Sub Resin Types

      2. 1.2.2 Liquid Crystal Polymer (LCP)

      3. 1.2.3 Polyamide (PA)

        1. 1.2.3.1 By Sub Resin Type

          1. 1.2.3.1.1 Aramid

          2. 1.2.3.1.2 Polyamide (PA) 6

          3. 1.2.3.1.3 Polyamide (PA) 66

          4. 1.2.3.1.4 Polyphthalamide

      4. 1.2.4 Polybutylene Terephthalate (PBT)

      5. 1.2.5 Polycarbonate (PC)

      6. 1.2.6 Polyether Ether Ketone (PEEK)

      7. 1.2.7 Polyethylene Terephthalate (PET)

      8. 1.2.8 Polyimide (PI)

      9. 1.2.9 Polymethyl Methacrylate (PMMA)

      10. 1.2.10 Polyoxymethylene (POM)

      11. 1.2.11 Styrene Copolymers (ABS and SAN)

China Engineering Plastics Market Size FAQs

The China Engineering Plastics Market size is expected to reach USD 43.17 billion in 2024 and grow at a CAGR of 7.43% to reach USD 61.78 billion by 2029.

In 2024, the China Engineering Plastics Market size is expected to reach USD 43.17 billion.

China Engineering Plastic Market Report Snapshots

China Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029